Fed's Bostic: US inflation is not so far away from Fed target
|Atlanta Fed President Raphael Bostic crossed the wires in the last minutes arguing that the inflation in the U.S. was not "so far away" from the Federal Reserve's target to unanchor expectations.
Key quotes (via Reuters)
- Financial stability a risk that is "always on the list" but not risen to crisis levels yet.
- Lack of wage pressure suggests natural rate of unemployment may be lower than previously thought.
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